Sep 17, 2012

Eradicating poverty through citizen-ownership democracy

As calculated from just three common properties (car ownership certificates, land sales and sovereign wealth income), each citizen of Singapore should have received $6651 in 2011, under a citizen-ownership democracy.

Each family of four should have received $26,600.

This amount is more than double the poverty assistance given out by the Singapore government:

Cash grant, depending on the size of household (per month).

Household SizeAmount of Cash Grant
This shows very clearly that a citizen-ownership democracy will eradicate poverty in Singapore. Singapore shouldn't be a place with babies starving or old people dropping dead from overworking. A citizen-ownership democracy should also eradicate poverty in other countries that have valuable common properties. As the case of Singapore illustrates, the valuable common properties need not be vast oil or mineral resources.

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